Dogecoin (DOGE) is 3596.8× the size of Private Aviation Finance Token (CINO) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 40 shared trading days). CINO has been the more volatile of the two, at 131% annualised against DOGE's 70%.
$0.003361
CINODOGE
0.63over 40 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | CINO | DOGE |
|---|---|---|
| Max drawdown (400d) | -31.7% | -74.0% |
| Risk-adjusted return (90d) | -0.24 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed CINO by 24.5% — measured on the CINO/DOGE ratio, so it holds regardless of market direction.